Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Softbank Group Corp -- Ignore unavailable to you. Want to Upgrade?

To: Yamakita who wrote (2182)	10/31/1999 6:40:00 PM
From: TraderTerry	Read Replies (1) \| Respond to of 6020

Well they sure will issue a few shares to the public. But the control of VSNL will be firmly in the hands of the Goverment. No Govermental agency has ever been turned completely over to private hands in India. There were a few attempts to sell loss making entities but even those efforts failed. There are too many factors involved why they will never completely privitize - lots of money involved, opportunity to influence, Goverment jobs, trade unions, etc. The Goverment will make the right noises as long as it is convenient for them and maybe they will even improve a few things - but that is all. As far as the management of SIFY is concerned they have proved themselves. I had invested in Satyam on the Bombay Stock Exchange about 5 years back and when I last checked that investment had multiplied some 80 odd times :-)